July 7, 2014
/PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) today announced that the company has signed a Giant King Grass Supply Contract with ReSource BioEnergy, Inc. to supply Giant King Grass for its bioenergy projects in
propagation nodes were harvested from the VIASPACE nursery in
, inspected by the United States Department of Agriculture which issued a phytosanitary certificate, and were shipped to
where Giant King Grass was planted and is now growing.
ReSource BioEnergy, which is incorporated in
and with operations in
, deploys best-in-class bioenergy solutions to help improve individual wellbeing, community resilience, and ecological health — all within a commercially viable business model that serves the triple bottom line — planet, people, profit. ReSource BioEnergy and its affiliate Jamaica BioEnergy, based in
, have a shared mission to achieve zero carbon energy independence for
by 2025. Further information on ReSource BioEnergy is available on their website
VIASPACE CEO, Dr.
, reported, "We have been working with ReSource for nine months, and they have visited our
nursery on several occasions. We have signed a confidentiality agreement as well as the Giant King Grass Supply Contract. Fresh cut samples of Giant King Grass from our
nursery were sent to ReSource for laboratory analyses for suitability as a feedstock for bioenergy. The results were very encouraging, and this resulted in the contract and shipment. We are fully supporting ReSource and we agree that Giant King Grass has great potential in
. This project continues the VIASPACE focus on Giant King Grass based energy projects in the
/Central American region. We now have Giant King Grass growing in St. Croix US Virgin Islands,
ReSource BioEnergy Inc.'s Co-founder and CEO, Mr.
, stated, "We are very happy to team with VIASPACE. Giant
is an important energy feedstock for zero carbon energy independence in
. This renewable energy project is good for the global environment, and provides local agriculture and clean technology jobs in
. The project will boost employment and foreign trade. We are developing a pipeline of BioEnergy projects with stakeholders from the business, community and agricultural sectors for a more sustainable future."
, ReSource Co-founder and Chief Visionary Officer added, "We are helping the shift from an oil economy to a soil economy, igniting local projects with clean technologies. In the end, it's about working carefully to deploy technology as if people, soil and community matters."
VIASPACE Chairman, Dr.
, concluded, "We firmly believe that Giant King Grass is best-in-class as the world's highest yielding, continuously renewable, carbon-neutral biomass platform that can be co-utilized as a superb animal feed. After due diligence independent testing, ReSource Bioenergy agreed that Giant King Grass is indeed best-in-class and they have deployed GKG to
and have successfully established
Giant King Grass propagation nursery. The tropical climate of
is perfect to support the high-yielding growth of Giant King Grass and our initial results at the
propagation nursery are excellent. We are delighted to be working with ReSource Bioenergy and their team of professionals who have the technical, business, financial and operational connections to make an inspiring global example of using Giant King Grass to help achieve zero carbon energy independence for
by 2025. ReSource Bioenergy's mission is to 'accelerate the shift from an oil economy to a soil economy.' We know that VIASPACE and Giant King Grass can greatly help to accelerate that shift and we are very proud to be an integral part of
future in this regard."
About VIASPACE Inc.
VIASPACE grows renewable Giant King
Grass as a low-carbon fuel for clean electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. Giant
is a proprietary, high yield, dedicated biomass energy crop. Giant
when it is cut frequently at 4 to 5 feet tall is also excellent animal feed. The USDA granted approval for planting Giant King Grass throughout the US and cooperates in exporting by performing the required inspections and issuing the phytosanitary certificate needed for import into foreign countries. Giant
is being grown in
, St. Croix Virgin Islands,
and Jamaica. For more information, please go to
or contact Dr.
, Director of Communications, at 800-517-8050 or
Information in this news release includes forward-looking statements. These forward-looking statements relate to future events or future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Such factors include, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended
December 31, 2013
, and other factors over which VIASPACE has little or no control.
SOURCE VIASPACE Inc.